Publication: Does Family Involvement in Management Reduce the Risk of Business Failure? The Moderating Role of Entrepreneurial Orientation
dc.affiliation.area | UC3M. Área de Ingeniería de Organización | es |
dc.affiliation.dpto | UC3M. Departamento de Ingeniería Mecánica | es |
dc.affiliation.grupoinv | UC3M. Grupo de Investigación: Emprendimiento y Estrategia | es |
dc.contributor.author | Revilla Torrejón, Antonio Javier | |
dc.contributor.author | Pérez-Luño, Ana | |
dc.contributor.author | Nieto Sánchez, María Jesús | |
dc.date.accessioned | 2018-11-23T09:17:34Z | |
dc.date.available | 2018-11-23T09:17:34Z | |
dc.date.issued | 2016-10-03 | |
dc.description.abstract | This study explores the question of whether - and under which circumstances - family involvement helps avoid business failure. We hypothesize that it is family involvement in management, rather than ownership, which reduces the risk of failure during economic downturns; however, this effect is negatively affected by the firm's entrepreneurial orientation (EO). We argue that EO hinders reaching consensuses on and commitment to family-centered goals, which are focused on long-term survival. We analyze 369 manufacturing firms in Spain from 2007 to 2013, and find that family involvement in management reduces the risk of business failure, but this effect decreases as EO increases. | en |
dc.description.sponsorship | The author(s) disclosed receipt of the following financial support for the research, authorship and/or publication of this article: This study has been partially supported by financial aid from the Spanish Ministry of Economy and Competitiveness (Projects ECO2012-36160, ECO2014-58799-R and ECO2015-67296-R) and from the Project S2015/HUM-3417 (cofinanced by the Communtiy of Madrid and European Social Fund). | en |
dc.format.extent | 15 | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/xml | |
dc.identifier.bibliographicCitation | Revilla, A.J., Pérez-Luño, A. and Nieto, M.J. (2016). Does family involvement in management reduce the risk of business failure? The moderating role of entrepreneurial orientation. Family Business Review, 29 (4), pp. 365-379 | en |
dc.identifier.doi | https://doi.org/10.1177/0894486516671075 | |
dc.identifier.issn | 0894-4865 | |
dc.identifier.publicationfirstpage | 365 | |
dc.identifier.publicationissue | 29 | |
dc.identifier.publicationlastpage | 379 | |
dc.identifier.publicationtitle | Family Business Review | en |
dc.identifier.publicationvolume | 4 | |
dc.identifier.uri | https://hdl.handle.net/10016/27713 | |
dc.identifier.uxxi | AR/0000022062 | |
dc.language.iso | eng | |
dc.publisher | SAGE | es |
dc.relation.projectID | Gobierno de España. ECO2012-36160 | |
dc.relation.projectID | Gobierno de España. ECO2014-58799-R | |
dc.relation.projectID | Gobierno de España. ECO2015-67296-R | |
dc.relation.projectID | Comunidad de Madrid. S2015/HUM-3417 | |
dc.rights | © The Author(s) 2016 | |
dc.rights.accessRights | open access | |
dc.subject.eciencia | Ingeniería Mecánica | es |
dc.subject.other | Family business | en |
dc.subject.other | Family involvement in management | en |
dc.subject.other | Entrepreneurial orientation | en |
dc.subject.other | Business failure | en |
dc.subject.other | Survival analysis | en |
dc.title | Does Family Involvement in Management Reduce the Risk of Business Failure? The Moderating Role of Entrepreneurial Orientation | en |
dc.type | research article | * |
dc.type.hasVersion | AM | * |
dspace.entity.type | Publication |
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